The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.
The port terminal operator arm of China COSCO Shipping saw earnings sink 65.6 percent to $37.6 million in first quarter 2017 despite a 7.5 percent increase in container throughput compared with the same 2016 period.
The London-based shipping research and consulting firm said that even though freight rates fell seasonally in the first quarter of 2017, they are better than they were in 2016.
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DHL Global Forwarding launched a weekly less-than-container load service that offers 9-day port-to-port transits from New York to Cartagena, Colombia.
DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.
Twill, the new digital freight forwarding start-up, will officially be open to new customers from April 10, allowing users to instantly place bookings, manage documentation and track shipments.